Dot update 4 hr TF with supp & resisDOT is now testing the support line of the downtrend channel. A bounce is expected from this support line. If DOT breaks below the $13.74 support area then we see a dump towards the $10.29 major support level. The local resistance is $18.27 area and the major resistance is near $20 area.
DOTUSDT
Buy Polkadot, Long DOTUSDTPolkadot has started consolidating, indicating the change in the trend (Downtrend).
DOTUSDT is respecting the trendline(RED). Also started to make the W reversal pattern.
RSI is in an uptrend and 50MA also supporting the candles.
Keep the trend line(RED) as the stop loss, For the 1st target of 23.25 DOTUSDT
dot spot buy we can se chart how beautifully its bullish.
the price is in flag and creating a W pattern which can be easily broken if btc is same stable this way
macd and rsi are in bullish sign too if the price test and break the trendline than it will be a nice bullish sign we can go long than
else if it rejects the dot has already created a bearish flag ignoring the W pattern than it will fall so we have short signal than
spot buys can consider to buy here with nice stop loss the price is high chances to rise as btc is getting stronger too and market is green today with nice volume
manage risk according to your need happy trading
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#DOT scalp zone 4 hr TF with sup & resis DOT is now trading near the resistance of $19.1-$19.55 area. DOT needs to break this resistance to turn bullish. The next major resistance is the $23.30-$24.30 area. The local support is $17.60-$17.75 and $16.85-$17.00 area. The market is showing positive moves and we may see a breakout of $19.55 resistance this time. Wait for breakout and confirmation before opening a long position.
Dot/usdt forming a cup in 1hrThis is my first time publishing an idea. I'm a beginner in trading. Please bare with me if the analysis is wrong:)
It seems like Dot/usdt spot is about to form a cup and handle pattern in 4hr and 1 hr time frames. If a handle is formed, I'm planning to enter in the direction of the handle breakout if it is backed by the volume. TP1 can be the height of the handle and TP2 be the height of the cup. I'll be keeping tight sl. Happy trading folks.
Trading Signal For DOTUSDT Trading Signal:
A Trading Signal is seen in the DOTUSDT Polkadot
Traders can open their Buy Trades NOW
Rank : ⭐️⭐️
⬆️Buy now or Buy on 30.5
⭕️SL: Close below 29.10
🔵TP1 @ 35.0
🔵TP2 @ 39.35
🔵TP3 @ 49.20
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DOT gonna Dip more ?DOTUSDT has formed a Head and shoulder pattern in the Daily time frame. It recently broke down the neckline support and started retracing from the support level. However, with no significant increase in volume during retracement and the price being resisted at the previous support level, it seems to dip more to 26 and 20 levels.
DYOR
DOTUP Binance Leverage token bullishpolkadot parachain events in next month can pump the price of dot to maximize profit we can buy dot up token with low risk
chek out my chart for more details
#DOT/USDT CHART ANALYSIS BEARISH PATTERN !!!!!!In this DOT/USDT Chart you can see that it is forming bearish flag pattern in 30 minute Time Frame and wait for more confirmation, if it break outs upper trendline than it will be fakeout but if it breaks lower trendline than it will go down....
I will update and Don't FOMO right now......
Anyone wants chart analysis of any crypto can comment below..........